Item 31.5.5
Considering 6 points SPT execution in 0.58 day
(i) Foreman (1 x 40% per day x 0.58 day) 0.23 manday @ 350 each = 80.5
(ii) Rig operators
(1 x 40% per day x 0.58 day) 0.23 manday @ 300 each = 69
(iii) Helper to rig operators
(6 x 40% per day x 0.58 day) 1.39 mandays @ 250 each = 347.5
(iv) Incidental, sundries etc. L.S. = 22.5
Total = 519.5
Profit 0.1 = 51.95
Overhead 0.035 = 18.18
= 589.63
Add VAT with adjustment factor 1.04712 0.045 = 27.78
Grand total = 617.41
Rate per point = 102.9
Say, 103 .00 Per point
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